This document published by the Federal Emergency Management Agency [FEMA] provides an overview of the 2005 Flood Mitigation Assistance [FMA] grant program which helps local communities reduce and prepare for the risk posed by flood damage. More specifically, "the FY 2005 FMA priority is to fund flood mitigation activities that fund flood mitigation activities that reduce the number of repetitive loss structures currently insured by the NFIP [National Flood Insurance Program], and specifically, on addressing target repetitive loss properties identified in FEMA's Repetitive Loss Strategy." The FMA grant program "provides funding to States, Indian tribal governments, and communities so that cost-effective measures are taken to reduce or eliminate the long-term risk of flood damage to buildings, manufactured homes, and other structures insurable under the National Flood Insurance Program [NFIP]. The long-term goal of FMA is to reduce or eliminate claims under the NFIP through mitigation activities."
Federal Emergency Management Agency: http://www.fema.gov/